807 S OAK AVE, Fort Meade, FL 33841
PRICE REDUCED!!! Welcome to your new dream home at 807 S Oak Ave, Fort Meade, FL! Nestled within the picturesque heart of Fort Meade, this charming home has been thoughtfully renovated to encapsulate modern living while retaining its classic charm. As you step inside, you're greeted by a spacious interior that spans an impressive square footage, offering ample room for family, friends, and unforgettable gatherings. The house boasts three well-appointed bedrooms, providing a peaceful retreat fo every member of the family. The 1.5 bathrooms have been cleverly designed to streamline morning routines, featuring top-of-the-line fixtures that add a touch of luxury to daily life. The extensive renovations undertaken in 2020 have transformed the property into a contemporary haven. Amongst the many upgrades, the installation of a new roof in 2024 stands out, promising peace of mind for years to come. The large fenced-in backyard serves as a private oasis, perfect for outdoor entertaining, gardening, or simply soaking up the Florida sun. Situated in a serene and friendly neighborhood, residents have convenient access to local amenities, dining options, and top-notch schools, making it an ideal setting for families and professionals alike. Included in the home are modern stainless steel appliances that blend seamlessly with the home's aesthetics, ensuring you have everything you need from the get-go. This property is more than just a house; it's a place to build memories, a foundation for dreams to grow. Don't miss the opportunity to make 807 S Oak your forever home.
You may be able to put down less than the total down payment amount of $104,727 and have the rest of the funds financed with a 2nd mortgage from a lender. 4
Location
Details
How it works
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
Tour
Whether you have an agent or you’re just starting your search, reach out to us and we’ll help set up a home tour.
Offer
Roam works with you, your agent, and the listing agent to prepare a mortgage assumption agreement and finalize all details.
Close
Roam coordinates all parts of the transaction and keeps all parties up to date to provide a seamless 45-day close.
Who can qualify
To qualify, you must meet the current FHA, VA, or USDA loan requirements depending on the type of loan you are assuming. This typically means a minimum credit score of 580, although most lenders prefer 620-640. Your debt-to-income ratio should be under the 50% max under FHA guidelines. Additional information such as employment history, explanations of income for each applicant, and asset verification for a down payment may be needed to process the loan.
Frequently asked questions
What is Roam?
Roam is your trusted partner for affordable home ownership. We help manage the assumption process from start to finish, enabling homebuyers to easily purchase their next home with a low-interest rate mortgage attached.
What is an assumable mortgage?
An assumable mortgage is a type of home loan that allows a homebuyer to take over the existing mortgage terms from the seller, with no cost to the seller. Many government-backed loans, such as FHA and VA loans, are eligible for assumption, and millions of these mortgages are available.
Why is an assumable mortgage valuable?
When interest rates on mortgages are high, assuming a mortgage with a rate as low as 2% allows buyers to save up to thousands monthly compared to buying a home with a traditional mortgage at today’s average rates of 7%. A low-rate assumable mortgage could be the key to finding your dream home at an affordable price.
Will an assumption work for me?
An assumption might be a suitable option for you if you meet the lender’s qualifications. We also offer Roam Boost to help buyers reduce the down payment required to a minimum of 5-15%. See below for more FAQs specific to Roam Boost.
Why do buyers use Roam?
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
Roam helps home buyers find and purchase homes with a low-rate assumable mortgage included. Once you find your dream home, Roam manages the process of assuming a low-interest rate mortgage, helping buyers save thousands a year on mortgage payments compared to buying with a traditional mortgage at today’s rates. On average, buyers who use Roam save $15,000 in mortgage payments annually.
MLS ID: #p4929652